Daily Recap

Friday, 08 May 2026

Asian markets hovered near record highs today, with AI and semiconductor stocks again doing the heavy lifting even as investors kept one eye on geopolitical risk. That tension was mirrored globally at the United Nations, where a US-backed resolution on Iran appeared headed for a likely veto from China and Russia, underscoring how diplomatic fractures continue to shadow market confidence. In India, risk appetite held up in primary markets: OnEMI Technology, parent of digital lender Kissht, listed at an 11% premium after its ₹926 crore IPO, a respectable debut that suggests continued demand for fintech stories. In corporate entertainment, HYBE expanded its K-pop machine by launching a new girl-group label, ABD, betting that specialized creative units can keep the company’s hitmaking pipeline fresh. Together, the day’s headlines pointed to a business climate still willing to chase growth, but increasingly alert to political and security shocks.

Recap for Friday, 08 May 2026

Photos from today's Business coverage
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